The European Bank for Reconstruction and Development (EBRD) is investing EUR75 million (US$88.3 million) in the Eurobond tap issuance by Hellenic Petroleum (HELPE), for its solar projects in Greece.
The total funds of EUR100 million (US$117.7 million) raised will enable HELPE to finance the construction of 18 solar photovoltaic (PV) plants with a total installed capacity of 204 MW in Kozani, Western Macedonia, the country’s most coal-dependent region.
The solar park will be built close to existing coal-fired power plants that are being phased out and is expected to reduce CO2 emissions by 320,000 tonnes annually.
Country updates
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September 29, 2020
Vestas to supply turbines for 144 MW wind project in Evia
TERNA ENERGY has placed a 144 MW order for the Karystia wind project in the prefecture of Evia, Greece from Vestas Wind Systems. The contract includes the supply and installation of 40 V105-3.45...
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August 14, 2020
PPC Renewables launches tender for 50 MW solar projects in Megalopolis
The companies, Arkadikos Ilios I S.A. and Arkadikos Ilios II S.A., 100% subsidiaries of PPC Renewables S.A., have launched a tender for planning, design, civil engineering works, supply, transportat...
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August 13, 2020
Iberdrola secures 98.1 MW of Greek wind power
Iberdrola has been awarded the construction of three new wind projects in the renewable energy auction held recently in Athens, Greece. The facilities have a combined capacity of 98.1 MW, distributed...
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July 09, 2020
Ariadne Interconnection, Eurobank sign EUR400mn loan for Crete – Attica interconnection project
Ariadne Interconnection SPLC, a special purpose company owned by the Independent Power Transmission Operator (IPTO or ADMIE) S.A., has signed a EUR400 million (US$453.6 million) loan agreement wi...
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July 02, 2020
HRADF launches tender for concession of an underground natural gas storage in the South Kavala
The Hellenic Republic Asset Development Fund (HRADF), following the decision of its Board of Directors, has launched an international public tender process for the concession of the use, development,...
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